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Trend

The Ripple weekly trend is sideways. There has been downward pressure by $BTC on the $XRP price. Yet Ripple tracks sideways for most of the week. Seven days ago $XRP opened at 0.30959 at 16:00 hours on December 06 2018. The corresponding price on December 13 is 0.29916 (one day chart). That’s a difference of just $0.01043, or a tenth of one cent, over seven days.

[Trend is "sideways" when there is no clear weekly price movement in any direction.]

Chart

Tap / click to zoom:

xrp-usdt-binance-one-hour-chart-2018-12-13

Remarks

Volume is down to the lowest of the quarter.

Technicals

Moving Average Convergence Divergence (MACD)

The MACD on the one hour chart is bearish.

[MACD is a trend-following momentum indicator]

Exponential Moving Averages (EMA)

period

average

7 day

0.29821

25 day

0.30023

99 day

0.30313

The short term EMA is well below the medium and long term EMA. The bear cross downwards through the medium term EMA came at ten this morning. Since then the EMA has drifted down, and flattened out in the last several hourly sessions.

[EMA is a type of moving average that weights recent price fluctuations more, yielding a better short term signal]

Relative Strength Index (RSI)

The Relative Strength Index on the one hour chart is 38.5. This is a neutral state.

The one, two, four and six hour RSI are all in the neutral zone.

[RSI is is a momentum indicator that measures the magnitude of recent price fluctuations to determine an overbought or oversold state]

Bitcoin Price Modifier

The 24 hour Bitcoin change is -2.70%. This may exert a neutral influence on Ripple today.

[The bitcoin price modifier reflects the historical correlation between the price of $BTC and altcoins]

Ripple $XRP Price Outlook

the Ripple $XRP price outlook is sideways

if the price finds acceptance at higher levels the immediate resistance prints at 0.29855

if the price finds acceptance at lower levels the immediate support prints at 0.29558

Resistance levels: 0.29855 0.31064 0.31965 0.34200 0.38900

Support levels: 0.29558 0.27700 0.24672

Invalidation: This outlook is no longer valid if the asset has performed outside of its resistance or support levels, or outside of its short term analysis period.